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Why do smart investors still make bad financial decisions? In this episode, Mark and Shani break down the three most common behavioural traps—FOMO, loss aversion and analysis paralysis—and explain how these biases can seriously drag down your long-term returns. With real-life examples, they explore how poor investor behaviour can cost you up to 15% of your returns—and what to do instead. Topics Covered: • How FOMO leads to performance chasing and poor timing • Why loss aversion stops investors from cutting bad positions • How too much choice (and overthinking) can paralyse action • How to use an investment plan to reduce emotional decisions • What the Morningstar “Mind the Gap” study reveals about behaviour and returns. Further reading from Shani's article: https://www.morningstar.com.au/person... Superannuation articles: https://www.morningstar.com.au/insigh... Sign up for a Free 4-Week Trial for Morningstar Investor: https://www.morningstar.com.au/produc... Disclaimer: This video has been prepared for clients of Morningstar Australasia Pty Ltd and/or New Zealand wholesale clients of Morningstar Research Ltd. Any general advice has been provided without reference to your financial objectives, situation or needs. You should consider the advice in light of these matters and any relevant Product Disclosure Statement before making any decision to invest. To obtain advice for your own situation, contact a financial advisor. For more information please read our Financial Services Guide (or ‘FSG’) available at: www.morningstar.com.au/s/fsg.pdf or by calling us on 1800 03 44 55. By viewing this video you agree to the FSG being made available to you electronically via the Morningstar website or by contacting us for a copy. Past performance does not necessarily indicate a financial product’s future performance. #RetirementPlanning #InvestingAustralia #PassiveIncome #MorningstarAU #InvestorBehaviour #SmartInvesting #InvestingAustralia #FinancialIndependence #FOMO #LossAversion #MorningstarAU #LongTermWealth #moneymindset